Questions tagged [income-tax-refund]

This tag is to be used for questions related to refund of income taxes from a tax authority. A country tag should also be specified along with this tag, as tax rules vary from region to region.

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156 views

How can I claim the tax while filing ITR2 in India on the Joining Bonus Recovered by the company?

I am a salaried person in India, so Indian Income Tax laws are applicable on me. In the 1st financial year 2018, the company pays the joining bonus (in month: August 2018). The company includes the ...
1 vote
1 answer
57 views

Deducting option trading losses for income tax filing

I am in India. Let's say I have an income for 25 lakhs and my losses in option trading for 10 lakhs. How to file ITR for the same? Will my losses in option can be carry forward for 8 years? Suppose I ...
2 votes
1 answer
136 views

Home Loan rebate in Indian Income tax

I had taken a home loan in Jul 14. Took possession in Mar 16. Since the loan was partially disbursed I was paying the Pre-EMI’s till Feb 16. EMIs started from March 16. YEAR PEMI INTEREST ...
3 votes
1 answer
252 views

Can I buy I-bonds with my tax refund, as a non-resident?

I want to own American I bonds, but I'm not a US citizen/resident so I don't have a SSN (I live in Canada). As such, I can't just create a TreasuryDirect account and buy I bonds there. Here's my plan: ...
0 votes
2 answers
377 views

Can I change my Permanent Address for taxes if I live in NYC for a year?

Suppose I am living in an Airbnb in NYC for a year but my permanent address is listed as being in another state. In TurboTax, is it okay to submit a change of address form since the federal tax return ...
3 votes
1 answer
726 views

Is there a child credit refund for tax year 2022, or is it just a reduction in tax liability? (IRS 1040)

My tax software didn't show a refund for child credits on my IRS 1040 for tax year 2022 as it did in previous years. I paid foreign taxes and still the balance shows as zero instead of a refund. I ...
2 votes
1 answer
1k views

INCOME TAX E-filing - post office saving bank IFSC code? (AY 2017-18)

My query is regarding IFSC Code for Post Office Saving Bank. I tried to find everywhere including visiting the bank but they say they have no IFSC Code. Now as per the new income tax form (ITR 1) (...
4 votes
2 answers
539 views

How best to record tax relief?

I contribute to a SIPP, and receive tax relief at the basic rate (HMRC adds 25% of the value of my contributions to it). I am wondering how best to record this in my books, and whether any accepted ...
12 votes
2 answers
3k views

How bad would a leaked tax return be?

If my entire tax return was somehow leaked, how bad would that be? What potentially harmful information is included other than my name and social security number?
1 vote
2 answers
607 views

How to calculate interest on amount due with an amended return?

With my original TY2020 return I got a refund of about $5000. It turns out though that I missed some information and once I've amended it I owe about $1000 back (so the refund should have been $4000). ...
1 vote
1 answer
101 views

What methods exist to verify if my tax return was received by the IRS?

I finished my taxes on February 15th. However, TurboTax had a bug that prevented e-filing. I waited until the 22nd, and when it still wasn't fixed I just mailed a paper copy of my taxes. I started ...
0 votes
1 answer
143 views

Life span of overpaid tax applied to next year?

Assuming tomorrow is the last day to claim a refund on my 2018 US federal income tax return, instead of asking for the "amount I overpaid" to be refunded to me, may I apply it to my 2019 ...
1 vote
0 answers
52 views

Didn't receive tax refund due to incorrect account number

I requested the IRS to send my 2021 refund to two different accounts, in one of them it came through just fine. In the other, I wrote the wrong account # so it never came to me. (it's a vanguard ...
1 vote
0 answers
63 views

Received child tax credit refund after owing federal taxes

I filed my taxes (married filing jointly) in early February and owed $2,075 in taxes on AGI of $160,750. I have 2 children (ages 6 and 8) who I claim as dependents. We were issued 6 monthly payments ...
0 votes
1 answer
23 views

US Income Tax: Continuing Education Deduction for New Job

I started a new job as a manager in September 2021. This was my first management job. In October 2021 I spent $52,000 on a continuing education course (executive education) focused on leadership. The ...
1 vote
1 answer
379 views

H4 EAD, Married, wants to file tax separately. What would be implications on green card processing?

I am married and currently working full time on H4 EAD. Last year we filed tax jointly but each of us felt we received less returns than expected. Also the refund goes to my spouse's bank account ...
2 votes
1 answer
54 views

USA | Error in Online filling IL state income tax return

This question is relevant for people in USA only. I am trying to file Illinois state tax return online. I am a first time filer with Illinois (the system is supposed to work for first time filers.). ...
0 votes
1 answer
174 views

Can I still get my 12k personal allowance back if I've lost it because of a bonus (total annual income over 100k)?

I am UK based and I had got a good bonus in April 2021 which tipped me over 100k, for example, let's say that's an annual incoming of 125k between April 2021 and April 2022 including the good bonus. ...
1 vote
1 answer
413 views

Can a dependent based on 2020 taxes claim the 2021 Recovery Rebate Credit?

So I graduated college in 2021 and based on discussions with my parents they are not going to claim me as a dependent for the 2021 tax return, but they did for 2020 and 2019, I'm not sure which year ...
6 votes
2 answers
760 views

Does overpaying estimated taxes lead to loss of non-refundable tax credit?

Say: My total fed tax liability is 60K. I've made estimated payments of 65K. (keeping withholdings out of picture here for simplicity) I'll expect a tax refund of 5K. I also installed solar panels and ...
2 votes
1 answer
851 views

Filing Form 7004 if an LLC's only members are husband and wife

I need to file tax extensions. I already know I need to file Form 4868: Application for Automatic Extension of Time To File U.S. Individual Income Tax Return. I expect a refund, so I'm sending no ...
2 votes
0 answers
81 views

Does a delayed refund suggest that an audit is likely?

My US federal tax refund is taking an unusually long time to be issued this year. I e-filed my return 3.5 months ago and the IRS Refund Status page just says it is "still being processed". ...
0 votes
0 answers
28 views

How do I get tds refund when the processed ITR mentions 0 as tds refund? (India)

While filing itr the auto populated information showed that I am eligible for a refund but after the itr has been processed by the officer there is no indication of tax refund in the processed ITR. ...
0 votes
1 answer
1k views

F1 - EAD OPT tax filing

I am on EAD OPT Visa and filing tax returns. Completely confused on which form I have to file with 1040 or 1040NR, 1040NR-EZ I am in USA from JAN 2014 to till date, and single(no dependents). Please ...
4 votes
1 answer
186 views

What counts toward the tax free limit for pension contributions in the UK

I understand I can contribute up to 40k (or 100% of salary) in one financial year, and I will receive tax relief on these payments. I was working on this assumption: employer pension contributions + ...
3 votes
1 answer
153 views

Can one have prior years’ United States income tax refund carried over to later years?

Forms 1040 and 1040-NR allow overwithheld tax to be refunded via direct deposit onto a U.S. bank account or mailed as a check. However, there is a time limit for direct deposit. For example, see the ...
3 votes
4 answers
284 views

How to get a refund from the IRS if taxes were over-withheld?

Here is my timeline: I did not work in 2019 until Sept 23; Sept 23, 2019 start a job with 36% of every paycheck withheld for tax; Jan 10, 2020 got laid off; Jan 15, 2020 got a partial paycheck ...
0 votes
3 answers
261 views

Sharing tax return with wife?

My wife and I have been separated for nearly 2 years, but are still legally married and filed our tax return jointly. All my income was on a W2, and totaled $140k. I had taxes withheld as normal, so ...
0 votes
1 answer
76 views

State tax refunds for non-resident aliens and excess

According to the instructions for Form 1040-NR-EZ, tax payers must refer to Publication 525 to decide if any of the state tax refunds need to be listed as additional income in Line 4. Here, for Non-...
3 votes
1 answer
610 views

How to file a claim with the IRS on refund check not received

The IRS "Where's my refund?" site says they mailed a check a while back but we've yet to receive one. Your refund was mailed on December 2, 2019. For information about how to file a claim because ...
4 votes
4 answers
2k views

When will I get my Federal refund if I file today, given the deadline has been extended to July 15th?

Due to the covid-19 pandemic, the Federal government has decided to extend its tax filing and payment deadline to July 15th. So, if I were to file today, will I get my refund check in the mail this ...
1 vote
1 answer
534 views

Does federal tax refund check mail contain SSN or any personal information?

I lived in a residential apartment and someone took my federal tax-refund check mail and opened it. It's my first time to file federal tax return and I had no ideal what was in side that mail. Does ...
0 votes
1 answer
84 views

Where can I report my Social Security retirement benefit from form SSA-1042S in the form 1040NR?

I started receiving my retirement benefits from SSA last October 2019 after 2 years of processing time. They paid me a large sum corresponding to all months (25) of back pay and I received also my ...
0 votes
0 answers
91 views

Can't file 1098-T electronically on Turbotax or Credit Karma

Historically, I've been able to claim the American Opportunity Credit that would give a surplus refund of $1000 to help with school while being a full time student and not working
2 votes
2 answers
96 views

How to get refund with 1040X on amended 1040NR?

I forgot to claim standard deductions of $12000 (nonresident alien, for Indian students) on my 2018 1040NR. So I am filing a 1040X. For the incorrectly filed 1040NR I received a $600 refund, but in ...
2 votes
2 answers
981 views

US Citizen living abroad: Can I put a foreign address on I-9/W-4 forms, for tax return purposes?

I am US Citizen, currently living abroad and work for a company in the USA. I was asked to fill out the I-9 and W-4 forms and was wondering what address to list. my us or foreign address. Specifically ...
5 votes
1 answer
2k views

Is my tax return refund unsually late?

Around May this year (2019) I submitted a (late!) tax return for the 2017 fiscal year. I did so by generating the form with some tool, and then mailing it to the IRS office that was specified online. ...
5 votes
1 answer
110 views

What happens if the IRS owe me refund, but I file my taxes after the extension deadline of Oct 15?

What will happen if I overpaid the taxes on the extension form, but failed to file before Oct 15 deadline ? Do I lose any of the refund ?
1 vote
0 answers
50 views

IRS (USA) Form 843 - What if you missed the three year deadline to file?

I want to file 843 for a refund for my SS and Medicare taxes. I filed it on 3/30/2016. And it seems like I have missed the deadline [3/30/2019]. What are my options to claim the refund?
3 votes
1 answer
112 views

Higher-rate Tax rebate on Pensions (UK)

Suppose you are a higerh rate Tax earner, and you pay into a monthly pension. As per these questions: Payroll pension contributions- UK higher rate tax relief UK income tax relief on pension ...
0 votes
1 answer
673 views

US Taxes: Married Filing Separately vs Single Filing for NonResident Aliens

My spouse and I are both graduate students in F-1 status for the last year 2014. I thought we could file a joint federal tax return, but now, as per this link on IRS website, it seems non-resident ...
2 votes
0 answers
80 views

I filed a FICA return and sent it to the IRS, but my company sent me a W2C and also refunded the money. What should I do?

I am an F1 student <5 years in the USA and am eligible for FICA refunds. I contacted my company and told them that I will be requesting the IRS for the FICA refund as I was very close to the last ...
1 vote
1 answer
542 views

Colorado 529 withdrawal income tax recapture and AOTC

In Colorado contributions to the state 529 plan are deductible from State income taxes. These income taxes are recaptured if a non qualified withdrawal from the plan is made. My husband (the ...
0 votes
0 answers
28 views

Tax Refund after deadline [U.S.A] [duplicate]

I did not submit my tax refund copy this year until the deadline (earlier this month). I don't owe taxes, but I was getting some tax refunded to me. Is it possible to get the tax refund if you miss ...
1 vote
1 answer
418 views

How to file Income tax return from Salary certificate of previous employer?

Consider my scenario: I worked in Company A - where my salary was below taxable limit. (< 2.5 lakhs), thus my employer issues me a "Salary Certificate" and no Form 16. I left this company in ...
2 votes
0 answers
2k views

Received a tax refund check after my business' checking account is closed and the entity's dissolved

I had an LLC and closed the LLC's checking account. Then the LLC was dissolved a few months back. A couple days ago, I found out that my business received a tax refund check two months ago, but I'm ...
3 votes
2 answers
2k views

Does the IRS penalize for overpaying and underpaying state income tax?

I used TurboTax for filing my taxes this year (for 2014) and came across an oddity that either means TurboTax is buggy or the IRS penalizes for overpaying state income tax. When using turbotax (and ...
1 vote
1 answer
83 views

AMT credit against regular tax

I live in California. After having paid AMT for the last few years, this is the first year when my regular taxes are higher than AMT. This seems to mean I have accrued AMT credit over the last few ...
0 votes
2 answers
109 views

Dependent filing taxes as Head of Household

Just wanted to know what would happen if my biological father filed taxes with himself as the head of household and me as a dependent and I file the taxes as the head of household with no dependents. ...
2 votes
0 answers
37 views

Portioning taxable state refunds when living and working in different states

I live in Indiana, but work in Illinois -- some of my job contracts are on-site in Illinois, and others are remote work. Last year, I received a taxable state refund from Illinois. In my Schedule NR ...